Investor Presentaiton
Operating Environment
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Net Interest Income
Highlights
-
FY-15 NIMS remained flat at 2.85%
Loan spreads experienced downward pressure y-o-y
across a broad range of products
- Deposit spreads improved as growth in low-cost CASA
replaced more expensive time deposits.
- Treasury Spreads flat as cheaper short term funding offset
an increase in more expensive term funding
•
Q4-15 NIMS improved 7 bps q-o-q to 2.82%
Net Interest Margin (%)
Emirates NBD
15
2.95
2.91 2.90
2.83
2.83
2.85
2.83
2.80
2.76 2.75
2.78'
2.85
2.82
2.77
2.76
2.75
2.58
2.63
2.48
- Loan rates held steady against an 11 bps increase in
EIBOR whilst cost of fixed deposits increased in Q4
- Treasury spreads improved as excess liquidity was
profitably deployed
We expect NIMs for 2016 to be in the range of 2.70 -2.85%
2.44
Q213 Q313 Q413 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415
Net Interest Margin Drivers (%)
Qtrly NIM
YTD NIM
Q4-15 vs. Q3-15
2.82
2.85
2.75
FY-15 vs. FY-14
(0.00)
2.85
0.05
0.03
(0.11)
0.20
(0.13)
0.07
(0.05)
Q3 15
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q4 15
FY-14
Loan Deposit Treasury Other
Spreads Spreads Spreads
FY-15View entire presentation